Agri Picks Report February 21, 2025: Geojit Financial Services

commodities

Geojit Financial Services's report on Daily Agri Picks

Sowing of rabi crops in Telangana increased to 6.8 million acres (1 acre = 0.4 hectares) as of Wednesday,up nearly 9.1% from 6.2 million acres a year ago, according to a report by the state agriculture department. The normal acreage for the season in the state is 6.4 million acres, the report said. Maize acreage in the state rose 19.3% on year to 735,072 acres from 616,381 acres a year ago. The acreage of paddy rose to 5.2 million acres from 4.8 million acres.Rabi crops are sown between October and December after the monsoon, and harvested between February and May. However, sowing started late this year because of delay in withdrawal of the southwest monsoon, which in turn delayed the harvest of kharif crops. The area under chana fell to 219,315 acres from 255,193 acres a year ago, the report showed. On the other hand, the acreage of black gram, or urad, rose to 42,624 acres from 35,228 acres. The total area under all pulses was 281,502 acres, down from 317,730 acres a year ago. The total area under all oilseeds was 278,068 acres, up from 265,332 acres a year ago. Under oilseeds, the acreage of groundnut rose to 234,706 acres from 208,203 acres, according to the report. Tobacco acreage in the state so far rose to 14,588 acres from 9,590 acres a year ago. Most crops are in the seedling to vegetative stage, the report said, adding that paddy transplantation had been completed. The water level in reservoirs across Telangana was 547.22 billion cubic metres as of Wednesday, compared with 327.90 billion cubic metres a year ago, according to the report. The National Commodity and Derivatives Exchange Ltd. has advanced the launch date for Kapas April 2026 futures expiry date to Mar. 3 from Apr. 1, the bourse said in a circular. All contracts of Kapas futures contract expiring in April of any given year will be launched in the March month of the preceding year, it said. Kapas futures contracts expiring in November 2026 and April 2027 will be launched in November 2025 and March 2026, the release said. Kapas futures contracts expiring in February 2025, April 2025, November 2025, and February 2026 are available for trading and would continue to be traded as per the existing contract specifications, the exchange said.

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21022025 - co